Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

At the end of the year, your firm purchased $200,000 in inventory paying cash. What is the effect of this transaction on your firms quick

At the end of the year, your firm purchased $200,000 in inventory paying cash. What is the effect of this transaction on your firms quick ratio?

	1.	Its quick ratio will increase
	2.	It isnt possible to determine the effect of the transaction on its quick ratio
	3.	Its quick ratio will remain unchanged
	4.	Its quick ratio will decrease

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cr T Urr N Mining The Effective Method For Mining Cryptocurrencies

Authors: Carlene Fromong

1st Edition

979-8354207657

More Books

Students also viewed these Finance questions

Question

★★★★★

Amber McClain, the currency speculator we met earlier in the chapter,sells eight June futures contracts for 500,000 pesos at the closing price quoted in Exhibit 7.1. a. What is the value of her...

Answered: 1 week ago

Question

★★★★★

Failing to put people in the right jobs peoples individual strengths and natural behaviours can be used to judge where they are most likely to make their best contribution (Buckingham and Coffman,...

Answered: 1 week ago

Question

★★★★★

Recount the recent history of developing country currency crises and financial crises.

Answered: 1 week ago

Question

★★★★★

Enumclaw Brick, Inc., manufactures bricks using clay deposits on the companys property. Raw clays are blended and then extruded into molds to form unfired bricks. The unfired bricks are then stacked...

Answered: 1 week ago

Question

★★★★★

At the end of the year, your firm purchased $200,000 in inventory paying cash. What is the effect of this transaction on your firms quick ratio? 1. Its quick ratio will increase 2. It isnt possible...

Answered: 1 week ago

Question

★★★★★

12. Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Sales Variable Costs Contribution Margin Fixed Costs Profit Margin Seward $ 600.200...

Answered: 1 week ago

Question

★★★★★

For the circuit shown in Figure $32.4 a$, let the period $T$ of the oscillation be $1.0 \mathrm{~s}$ and the emf be zero at $t=0$. Identify the instant(s) at which the energy stored in the...

Answered: 1 week ago

Question

★★★★★

If the circuit in Figure P32.8 operates at $60 \mathrm{~Hz}$ with $\mathscr{E}_{\max }=170 \mathrm{~V}$ and $R=9.0 \Omega$, how much energy is dissipated in the resistor in $0.75 \mathrm{~s}$...

Answered: 1 week ago

Question

★★★★★

In an $L C$ circuit like the one shown in Figure P32.1, which of these quantities simultaneously reach their maximum values: \(\left|v_{C} ight|,\left|q_{C} ight|,|i|,|B|,\left|U^{E}...

Answered: 1 week ago

Question

★★★★★

Two circuits $\mathrm{X}$ and $\mathrm{Y}$ each contain a parallel-plate capacitor and may contain other elements as well. The capacitors are identical, and the potential difference across each...

Answered: 1 week ago

Question

★★★★★

Draw a phasor diagram at instant $t_{0}$ for the circuit element whose instantaneous current and instantaneous potential difference are shown in Figure P32.11. Data from Figure P32.11 MAN 0.5 1.0...

Answered: 1 week ago

Previous Question Next Question